A lot of idiots who voted for biden are going to wish they hadn’t.
Lol. Some economists cobble together some data and make a pretty graph and that’s supposed to reassure everyone.
Does this mean tech stocks or cash investments?
Transitory= as long as democrats are in office.
I price things for a living.
I have 5 separate inflation signals on my screen, with RECENT history expanded as if it continues for a full year. Here are the numbers:
7%
8%
9%
10%
13%
All of them are on a graph and they are all steep lines. If accelleration continues (and why not, fiscal and monetaty policy continues to suck), we should be well into the mid-teens by the end of SUMMER!
Holy Bat Guano!
Bkmk
I’m somewhat immune to all of what is coming. I own my home and am debt free. Although I’m on a fixed income. Property taxes are the only mandatory expense I can’t mitigate, easily.
I can go off grid and have plans to do so.
So inflate.
At some point, inflation will cause everybody to quit spending. Then the money will run out as our economy depends on the flow of money through the economy. If the flow stops, you are back to caveman survival mode.
Unlike Venezuela for example, Americans will not disarm and the Democrat Party government will have trouble controlling Americans. I personally don’t give a rats behind for Democrats and their cities, so, no great loss to me and most Americans. However for Democrats it will be a disaster.
If that is what it takes to crush the Democrat Party bring on the inflation and following Depression. I’m ready.
Well, sort of by nature inflation is transitory. Sometimes there are deflationary periods but more or less it goes up every year. Sometimes more than others. The real question is “how transitory” and “what’s the new normal”. When, if ever, will it fall back under 2% annually?
I am expecting inflation and shortages in commodities going deep into 2022 at least. Not just because of covid and not just because of the money supply and low rates.
I had a transitory love once.
Bank of America is not a good source for sound investment advice. They also have a low stock valuation, trading under $40 a share.
If I bought BOA stock on Jan 4 1837 at $120 and sold June 17 2021 at $39.85.
I’m down $80.15 over the 184.5 year period.
If Bank of America can’t grow their own stock worth a shit.
Why should I listen to their economic predictions?
Meanwhile groceries and gas are up 20%+.
Housing is up AT LEAST that much in the last year...whether rent or purchase.
So those who spend the bulk of their income on groceries, gas (and all energy) and housing are feeling the hammer.
That’s about 90% of the country.
But govt says core inflation is under 3%.
I say they’re full of shit.